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Cape Winelands property market bounces back after drought

11 Oct 2019

As the dust begins to settle after the dire Western Cape drought and the dams are nearing full, we've similarly seen the property market in regions such as Paarl, Stellenbosch and Franschhoek gain ground. It was undoubtedly a tough period the past 18 months with many investors hesitant to invest in the Western Cape market due to water restrictions, a tough economic landscape and the political issues surrounding land.

This four bedroom home in Domaine des Anges Lifestyle Estate, Franschhoek, is nestled amongst mature olive groves, citrus trees and landscaped gardens. It is selling for R18.7 million - click here to view.

"Although some concerns remain with regards to these topics, the stability in the market has certainly returned to its equilibrium,” says Eberhard Kruger, Harcourts Winelands business owner. “There has been a significant amount of interest and demand continues to rise in the Cape Winelands."

This north-facing home bordering a greenbelt in Val De Vie Estate, Paarl, has three bedrooms and bathrooms and blends indoor and outdoor living. It is priced at R7.25 million - click here to view.

The towns in the Winelands are highly sought out regions, they offer diverse real estate markets that present property opportunities to anyone from a first-time home buyers investing in an apartment to luxurious homes in security and lifestyle estates like Val de Vie.

This three bedroom home in Koelenbosch Country Estate, Stellenbosch, offers country living in a new development of only 74 homes. Selling for R3.82m with no transfer duty - click here to view.

"Real estate is a long-term investment and buyers must know that short-term economic fluctuations and political interference rarely hinder the market growth of property, says Richard Gray, Harcourts Africa CEO. “The Cape Winelands is a perfect example of this as buyers from all across South Africa identify the Winelands market as a high return on investment property opportunity.”

This three bedroom home in Nooitgedacht Village Security Estate, Stellenbosch, has a modern open-plan lounge with fireplace, tandem garage built-in braai room - click here to view.

Gray says the fantastic schools, close proximity to universities, picturesque towns with phenomenal activities and central locations to business districts are some of the reasons of the high demand.

The expansion of regions like Paarl and the building of exciting new developments in Franschhoek ensures the Cape Winelands will continue to gain momentum.

There is an international movement by young professionals to make lifestyle choices based on surroundings and quality of life as more and more people work flexible hours and move away from the traditional work day.

This trend has seen many young professionals and entrepreneurs gravitate towards the Winelands, says Kruger.

Find more property for sale in the Cape Winelands

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